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China did not fund any infrastructure projects of CPEC, says Pakistan
The 3,000-km-long CPEC connects China’s Xinjiang province with Pakistan’s Gwadar port, providing access to China to the Arabian Sea. Photo: AFPPremium
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In 2015, China announced an economic project in Pakistan worth USD 46 billion.
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Beijing has not funded any infrastructure project under the China-Pakistan Economic Corridor (CPEC) initiative, said the Senate Special Committee on CPEC projects.
According to a report by The Express Tribune, during the committee meeting Senator Sikandar Mandhro, chief of transport planning at the Pakistan Planning Ministry, said because of the absence of the CPEC funding, some projects, including the Khuzdar-Basima project, were being carried out from the federal development funds.
Despite headwinds, IT sector in India is rising
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The IT sector continues to be a net hirer with a focus on digital upskilling, Nasscom said
(Bloomberg)
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India’s technology sector grew 2.3% year-on-year on the back of rapid acceleration in digital transformation and tech adoption, though global output is estimated to have shrunk by 3.2% led by the pandemic, Nasscom said in its Strategic Review 2021 titled ‘New World: The Future is Virtual’.
Despite headwinds in 2020, Indian tech contributed about 8% relative share to the national gross domestic product, with 52% relative share in services exports, and 50% share in total foreign direct investment based on inflows from April to September 2020.
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